ABB reported an increase in profitability in the fourth quarter of 2011 on a combination of strong revenue growth and cost savings. For 2011, the company reached $40 billion in orders for the first time ever and reported record revenues of $38 billion. Operational EBITDA, the measure of profitabilit
Coastline Surveys Ltd has completed a major contract for a geotechnical survey and laboratory analysis in support of the MoD’s capital dredge campaign in Portsmouth Harbour. The programme is to support the extensive upgrade and deepening of the channel. The pre-dredge geotechnical survey involved th
Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a record contract worth approximately 800 million Euro, the highest value ever awarded in the cable business, for the development of Western HVDC Link, a new submarine High Voltage Direct Current (HV
OceanWorks International announces the successful delivery of a major system upgrade, Lloyd’s certification renewal and completion of sea trials for the Turkish Navy’s Atmospheric Diving Suit system. After 5 years of operation, the Turkish HARDSUIT™ Atmospheric Diving System (ADS) was returned to Oc
Nautronix are delighted to have won the Innovation and Technology Award, sponsored by Simmons & Company International for their NASeBOP (Nautronix Emergency BOP Acoustic Control) System at the Annual Subsea 2012 Business Awards. This prestigious award is a major achievement in recognition for the ad
The second license round offshore Cyprus opened 11th of February 2012. There will be official opening presentations by the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus in Houston 22nd of February at the International pavilion at NAPE and in London at APPEX 6th of March. Licen
BlueView Technologies the world leader in compact acoustic imaging and measurement technology has extended the maximum detection range of its P450 Series 2D Mulitbeam Imaging Sonar to 300 meters (984 ft.). BlueView’s P450 Series now offer the longest real-time detection range available from a compac
Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel. Owen Kratz, Helix’s Chairman and CEO, stated, “We are leveraging our market and technological leadership in subsea well intervention along with the proven
TGS has commenced acquisition of a 3D multi-client seismic survey in the Outer Exmouth Plateau area. The new survey, Gnaraloo, covers 2,093 km2 over parts of blocks WA-347-P, WA-348-P and neighbouring open acreage to the north of the Mary Rose Northeast 3D multi-client survey, previously announced i
Subsea 7 S.A. announced the award of a SURF contract valued at approximately $80 million from Statoil on Svalin C Field, situated in the central part of the North Sea, six kilometres southwest of the Grane Field. The contract scope includes the transport and installation of a 4 slot Integrated Templ
Eni, the international oil and gas company, announces the Group preliminary results for the fourth quarter and the full year 2011 (unaudited). Financial Highlights * Adjusted operating profit: €17.97 billion for the full year (up 4%); €4.26 billion for the quarter (down 10%) * Adjusted net profit: €
ABB, the leading power and automation technology group, has won an order worth around $30 million from Energinet.dk, the Danish transmission system operator, to supply a high-voltage submarine and underground power cable system for the Little Belt strait in Denmark. This is a shipping lane that conn
Coastline Surveys announce that they have been selected to support the National network of strategic regional coastal monitoring programmes-framework agreement, South West Region. The award consists of a Five year programme to provide single beam & bathymetric surveys to the South West Region in rel
2012 starts for T.O.S. (Transport & Offshore Services) with an expansion of its services in the Oil & Gas industry. Early this year Michael Koops was appointed as Business Development Manager Oil & Gas to strengthen the positions of T.O.S. in this industry. Koops: “T.O.S. is a strong player in suppl
